An Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar and Munich Re Automation Solutions Ltd, today announced plans to invest approximately €16 million in Horizons, an innovative research & development programme evolving the business from a product to a platform company.
The business will recruit a team of skilled people, to complement its existing team in Dublin and accelerate the development of new cloud products/services. Munich Re plans to fill up to 60 positions over the coming 24 months. The investment is supported by the Irish Government through IDA Ireland.
Today’s announcement builds upon Munich Re’s many years of successful operations in Ireland. Since its acquisition by Munich Re in 2007, the Irish subsidiary has grown to become one of the most successful providers of automated life insurance solutions globally and enjoys the highest levels of customer satisfaction in the market.
Today most of the world’s best-known life insurers use its digital underwriting suite of products, ALLFINANZ, to ensure underwriting consistency, improve the customer journey, and accelerate the life insurance application process.
Horizons’ cloud-native digital platform and business process optimisation will enable the company to scale from 100s to 1,000s of customers and make Munich Re Automation Solutions the natural choice technology partner for life insurers worldwide.
Welcoming the announcement, Tánaiste and Minister for Enterprise, Trade & Employment, Leo Varadkar TD said: “I wish Munich Re the very best with this expansion, which will see 60 new jobs based in Dublin.
The company has been steadily growing its presence there over the last years and today’s announcement underlines the company’s commitment to Ireland.
This announcement shows that Ireland offers the right conditions – particularly our skilled and talented workforce – to allow companies like Munich Re to undertake advanced and novel research and development here.”
“At Munich Re, our goal is to pioneer digital solutions for the insurance industry” commented Thomas Blunck, Member of the Executive Board of Management at Munich Re.
“Munich Re Automation Solutions has demonstrated it can make a real difference to our clients’ businesses, understanding their needs, winning customer insights, and empowering them to become recognised as digital leaders within their individual markets.”
“This is an ideal time to join our team, as we map our technology to our long-term business plan” said Ross Mayne, CEO at Munich Re Automation Solutions.
“The re-imagined business has never been more relevant to our growing base of customers globally, and the way we are executing shows the winning mentality, expanding commitment to our customers, and strong culture of Munich Re.”
“This is extremely positive news from the financial services industry in Ireland. Munich Re is an organisation that we have worked with since 2012 and we are delighted that, off the back of an already successful InsurTech operation in the country.
Munich Re has decided to carry out this exciting R&D programme here, underpinning 60 high-value roles,” said IDA Ireland CEO Martin Shanahan.
“It demonstrates a huge vote of confidence in Ireland, our skilled workforce and the collaborative nature and strong commercial focus of our Irish universities.
I wish Munich Re continued success with their Irish operations and assure them of IDA Ireland’s ongoing support.”
For additional information on the job vacancies, please visit our careers page:
https://www.munichre.com/automation-solutions/en/company/our-story/forge_your_career_with_us.html
Munich Re Automation Solutions, a Munich Re subsidiary, is a world-leading provider of digital new business, underwriting and analytics solutions to the insurance industry.
Working with forward-thinking customers across the globe, we’re on a mission to revolutionise the way life insurance is bought and sold, using next-generation technology to give insurers the power to grow their businesses profitably.
Learn more at http://www.munichre.com/automation-solutions
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG.
Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position.
The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers.
Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.
More about Irish Tech News and Business Showcase here.
FYI the ROI for you is => Irish Tech News now gets over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!
Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 50,000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.
Drop us a line if you want to be featured, guest post, suggest a possible interview or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles.
Contact us, by email, twitter or whatever social media works for you and hopefully, we can share your story too and reach our global audience. We are agile, responsive, quick and talented, we look forward to working with you!
If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking
Using data collected by NASA's Parker Solar Probe during its closest approach to the sun, a University…
The Research Ireland ARC (Accelerating Research to Commercialisation) Hub for ICT was officially launched today…
Disney+ in Ireland is set to launch a new ad-supported subscription plan on March 3. The…
Did you watch Mark Carney’s presentation last week at Davos? No, is probably your answer,…
With recent miserable weather keeping more people indoors, Virgin Media Ireland, Ireland’s leading telecommunications and entertainment provider, has analysed Google…
Ireland’s leading technology conference, BelTech, will return on 5 March 2026, bringing together industry leaders,…
Irish Tech News are Ireland’s No. 1 Online Tech Publication and often Ireland’s No.1 Tech Podcast too.
You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: https://anchor.fm/irish-tech-news
If you’d like to be featured in an upcoming Podcast email us at Simon@IrishTechNews.ie now to discuss.
Irish Tech News have a range of services available to help promote your business. Why not drop us a line at Info@IrishTechNews.ie now to find out more about how we can help you reach our audience.
You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.